Range Resources (AIM:RRL)

Range Resources is an exploration company with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. Puntland is believed to have all the geological requirements to become a commercial oil-producing region. Range has two Production Sharing Agreements (PSAs) for the Nogal and Darin Blocks, two particularly promising basins.

Undiscovered oil-in-place resources in the Nogal block are estimated at net 860mmbbl. A successful project in this Near Shore zone would mean that new reserves could be rapidly placed on production, largely from shore based facilities.


Fox-Davies Capital recently initiated coverage with a price target of 50p.

http://www.svssecurities.com/SVSShowImage.aspx?pdfTitle=Range%20Resources%2027.01.10.pdf

This from another BB today.......I'm still in RRL...wtg good news and better SP level!

Investecs energy duo take aggressive weighting in US gas
By John Kenchington

Investec Asset Managements energy duo Mark Lacey and Jonathan Waghorn have adopted an aggressive weighting in US gas as they expect it to outperform oil in the next few years.
The former Goldman Sachs traders see upside of as much as 90 per cent in some of the gas stocks in their Luxembourg-based Investec Global Energy fund, as current gas prices are unsustainably low.

Mr Lacey says: We expect global gas consumption to grow at a higher rate than oil consumption over the next 10 years. Global gas consumption growth rates have been almost three times that of oil over the last 10 years.

The managers are targeting stocks such as Range Resources, the Australian small-cap oil and gas explorer, which they believe looks cheap.
http://www.ft.com/cms/s/0/f95376f2-3907-11df-8970-00144feabdc0.html

RHPS 20p share price target.

I have a position in this as well....what's hot (tip site)'s favourite stock.....god knows when they will get to drill the very promising Somalia assets...?, but the the other assets are enough to cover the sp...so the African upside is in for free....

excellent--thanks mitzy I've been holding these for a while it's nice to see some movement.

I've just bought a maiden stake here after hearing good vibes off several brokers.

looks like the frac news is out friday/monday at the latest - looks very positive is all over the other bbs.

I'm positive.

all we need is a negative....then we can charge away.....jump leads at the ready .,.

Upon well completion : a breakout into new highs just has to be on the cards, ....very volatile this sp, but a surge above 6p must be coming.

Looking good again......rise baby rise....

Going great guns here...6p plus here we come....

If the buying carries on ; there will be a shortage of stock here !.

And through the 6p barrier....

I'm still positive.

Well you need to connect the neutral and earth......

Might go past 7p the way this is going.

Trinidad acquisition now....wow !....

Great..!

lovely jubbly.,,.